Which of the Following Are Potential Problems Managers Face in Relevant-Cost

question 62

Multiple Choice

Which of the following are potential problems managers face in relevant-cost analysis?

• A) Including only relevant costs and relevant revenues in an analysis
• B) incorrect assumptions such as all variable costs are relevant and all fixed costs are not
• C) considering past historical costs when making predictions about future costs
• D) examining differences in expected total future revenues and expected total future costs among alternatives

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Definitions:

Explicit Memory

Retention of facts and experiences that we can consciously know and “declare.” (Also called declarative memory.)

Conscious Memory

memory that involves the awareness of remembering and which can typically be verbalized.

First President

Refers to George Washington, the inaugural President of the United States, serving from 1789 to 1797.

Explicit Memories

Memories that can be consciously recalled, such as facts and events.